Your monthly payments are partly to repay the amount you borrowed and partly to pay the interest on the outstanding mortgage. This is also known as a capital and interest mortgage.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). repayment. Retrieved September 24, 2026, from http://smartdefine.org/repayment/definitions/1162242 |
| Chicago | Barry Goldsmith. 2010. "repayment" http://smartdefine.org/repayment/definitions/1162242 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, repayment, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/repayment/definitions/1162242>. |
| MLA | Barry Goldsmith. "repayment" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/repayment/definitions/1162242> |